Most of us are one serious health issue away from facing financial difficulties. Regular health checkups & health insurance can help, but choosing a policy is hard. A simple checklist for picking the best health insurance for you & your loved ones by @Ditto_Insurance.
1) Don’t split the Bill:
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Insurers might nudge you to consider a co-payment clause, in which case, you’ll be forced to foot a part of the bill each time you make a claim.
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This might not be the best option unless you have no choice, or are purchasing for elderly citizens.
2) Restrictions on room & room rent:
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Some insurers will have a limit on room rent. And if you breach this limit, they’ll make you pay extra for every little service rendered in the room.
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Opt for a policy that doesn’t have too many restrictions on this front.
3) Check for Disease Wise Sub-limits:
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It’s what happens when the insurer offers you a massive cover for a modest fee, only to include restrictions on coverage for each disease.
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So make sure you check these sub-limits before making a decision.
4) Opt for pre- and post-hospitalization care:
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You’ll likely have to go through a host of diagnostic tests before hospitalization. And, once discharged, there’s medication to worry about.
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So it’s best to pick a policy that covers pre- & post-hospitalization care.
5) Seek a Low Waiting Period:
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If you have pre-existing diseases (including diabetes, blood pressure, etc), you might have to wait a fixed period (typically 2-4 years) before you’re covered.
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It’s best to pick a policy where you don’t have to wait a lot.
6) Coverage for daycare treatments:
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Chemotherapy, dialysis, a quick appendectomy- all these procedures might last less than 24 hours.
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And some insurers might not cover these claims, because they don’t do “daycare treatments”. So make sure you check for daycare coverage!
7) Ask for restoration benefit:
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What if your insurer restores your cover each time you make a claim. Brilliant right?
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If not every time, maybe at least once? It’s possible with a restoration benefit. You need only ask.
We’ve partnered with @Ditto_Insurance to help find the right insurance policy for them free of conflicts, mis-selling, spam, and most importantly, advisors to handhold people through the purchase journey. If you need help, talk to an advisor here 